An Economy With A Large Flow Of Funds Requires: 7 Fantastic Careers in Finance

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7 Fantastic Careers in Finance

A career in finance can be extremely rewarding. Not only does it offer a generous salary, but it also allows you to work at the heart of powerful companies in the market. Your actions create change and move entire markets, and as a financial professional you exert enormous power over the economy and society.

What are the best careers in finance? In other words, what career should you pursue?

#7 Money Management Salary Range: $50,000 to $100,000 / year

If you enjoy crunching numbers, money management may be a good finance career to consider. Money managers typically work for investment firms and, as the title suggests, manage institutional money, investing in stocks and bonds.

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Some of the disadvantages of money management are that it is a very competitive industry. You have to work hard to break out and advance in your career. Because you need to work your way up, you often have to accept low-paying positions to gain experience.

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You can work for several large firms like State Street Global and Barclays that manage billions of dollars. Also, you get to work with stocks and the stock market, which appeals to those who love the excitement that Wall Street has to offer.

#6 Corporate Finance Salary Range: $45,000 to $75,000 / year

Working in corporate finance requires you to manage the cash flow of the business. You will help find money to keep operations going, manage the money the corporation has, and help make decisions about how to manage the finances of the business.

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The corporate finance environment is changing quickly, and if you can’t adapt quickly, this may not be the job for you. You are responsible for the success of the corporation and many people depend on you to do your job well. This extra pressure can be stressful. Another downside is that you don’t make as much money working in a bank.

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Your job will be relatively stable. You don’t have a sales quota to reach or a customer survey score you have to hit a certain point. Your success in this career depends on your long-term performance.

#5 Financial Planning Salary Range: $60,000 – $250,000/year

A career in financial planning will allow you to help people plan their financial future. You are basically a sales person for different financial products. You offer people insurance, college savings products, investment plans and other financial products that help them reach their financial goals.

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Success in a career in financial planning really depends on who you know. To get clients you must first have access to people with money and you must earn their trust to make them want to work with you. There have been many scams involving financial planners and people are now more skeptical than ever. Before people are willing to trust you with their life savings, you have to make a name for yourself through other means.

You will also need some good sales skills. Most of your job will be selling different products, so if you’re not good at sales, or don’t enjoy selling, this career might not be the best fit.

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If you enjoy selling, this job will offer you a range of products that will help people reach their financial goals. It can pay off when you help a client afford their dream home or send their kids to college. Also, you have great potential for advancement and talented financial advisors earn a lot of money.

#4 Insurance Salary Range: $55,000 – $88,000 / Year

Working in insurance is about helping people manage the risks in their lives. You will help people decide on the right type of policy and how much coverage they need. Also, people working in insurance do a lot of analytical work to determine the value of things and the likelihood of certain events and disasters occurring.

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Insurance is a bit of a negative field, but some people have negative thoughts against insurance and the companies that sell it. If someone has had a bad experience in the past, they tend to be mean to you and ignore you.

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Insurance has great potential for advancement. The industry is growing more and more and there are plenty of opportunities for entry level workers to make a name for themselves in the insurance field. You can help people by helping them in their time of need.

#3 Real Estate Salary Range: $55,000 – $300,000/year

A career in real estate means that you will be brokering properties such as land and buildings. It will provide you with many opportunities and freedom unlike any other financial career. You can make a lot of money and work in a variety of fields, from mortgages to being an agent. Having negative freedom is not always a good thing. Most jobs in real estate require you to work as a contractor. This means you have to run your own business by yourself. This requires learning how to be a good business person, and perhaps hiring some help to keep things running smoothly (ie, a pay cut for you).

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Your income in real estate is only limited by how much work you put into it and the knowledge you have about what you are doing. Additional freedom allows you to set your own holidays and work as many hours as you want (or as few as you can afford). Most of the times you will get to work in different places every day which makes the work not boring and boring. Plus, you deal with bigger deals, which means bigger rewards for every successful adventure.

#2 Investment Banking Salary Range: $100,000 to $230,000/year

Working in the investment banking industry, you will help companies and governments issue securities. You will also help people buy securities and provide financial products. Mergers and acquisitions are handled by investment banks. It is an exciting face career with high stress level and many challenges.

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Investment banking requires a lot of skills and requires workers to move up the corporate ladder. Also, when financial crisis hits, enviably, this industry is hit the hardest. One day can be the most successful day of your career and the next day a major downfall. You must be able to take pressure.

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Big pay is the biggest attraction. After that there is excitement in career. Every day you will face new challenges and different demands that keep your work exciting and constantly changing. You also get help managing people’s and organizations’ money to get the most out of it.

#1 hedge fund Salary range $100,00 to $250 million/year

A hedge fund job is the holy grail of any financial professional. Not only is the money the best in the industry, but the respect and notoriety is also great. Way to work long and hard at a hedge fund. You should be intelligent and reliable, as well as passionate about your work. If you’re basically running a hedge fund, try to maximize returns.

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The job is stressful and highly competitive. Your career is based on the results you can deliver. A career in this field requires you to go through a long career ladder that takes years to navigate.

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Hardworking professionals in the hedge fund industry can earn up to $2 million a year before they reach 35. Plus, since hedge fund managers are working with such huge sums of money, everyone suddenly becomes your friend and you get to enjoy financial world celebrity.

In speculation

There are many different career options in finance and these are just a few. It may not be the right match for you, but these are jobs in the financial industry that most people want and seek. They pay well and many offer opportunities to improve your community and people’s lives. What financial career is right for you?

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